Ford to More Than Double Mexico Production Capacity in 2018
Source: WSJ
By Christina Rogers
Updated Feb. 7, 2016 10:29 a.m. ET
Ford Motor Co. will build a new assembly plant in Mexico and sharply increase factory output from that country, representing the latest shift of investment abroad by a Detroit auto maker following the signing of a costly new labor deal.
The No. 2 light-vehicle seller in the U.S. plans to add 500,000 units of annual Mexican capacity starting in 2018, more than double what it built in 2015, according to people briefed on the plan. The plan mirrors General Motors Co. s $5 billion investment to double Mexican capacity by 2018.
Ford will build a new assembly complex in San Luis Potosí, and expand an existing factory near Mexico City. The moves will make room for several models, including a yet-to-be-disclosed hybrid vehicle that is described as a Toyota Prius fighter, and will allow Ford to focus its U.S. factories on higher-profit trucks and sport-utility vehicles.
A company spokeswoman declined to comment on the plans. Ford last year built 433,000 vehicles in Mexico, or 14% of its North American production.
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madokie
(51,076 posts)we bought new in September of '13 was built in Wayne Michigan. Awesome fucking car I might add.
I'm hoping that they come through with a ranger type pickup and its built in America because if they do and it is I'll be buying one to replace my 98 f150 and 98 ranger.
Purveyor
(29,876 posts)selling them in Europe.
madokie
(51,076 posts)primarily for the fuel mileage and I love driving it. Tough little truck. I think there will always be some of them around for years to come because of that toughness.
lastlib
(23,248 posts)more jobs going away from US in quest of profits for shareholders......
moondust
(19,993 posts)Last edited Mon Feb 8, 2016, 01:06 AM - Edit history (1)
He says he would put a tariff on these vehicles coming back into the U.S. and that would disincentivize moving the jobs to Mexico. It would tend to equalize the cost of vehicles produced in cheap labor markets with those produced in the U.S. at higher wages. And possibly generate some revenues.
I've always wondered if that shouldn't have been started back in the 80s when the offshoring of jobs took off. Of course Reagan would have never done anything like that to benefit millions of working people at the expense of a few laissez-faire profiteers.
Odin2005
(53,521 posts)Vote for Bernie if you want more jobs in America.
chapdrum
(930 posts)"...higher-profit trucks and sport-utility vehicles."
Seen in light of climate change caused by fossil fuel,
the continued production (by all companies) of these large-engined vehicles, especially SUV's and "mini"vans, in my view, should end now.
File under: Volkswagen will be nationalized for its emissions cheating.